Nothing goes well in the gas market… and in the end it’s the consumer who pays for it. Natural gas prices have peaked in recent months, a far cry from the low prices seen during the first containment of 2020.
How to explain such an increase visible in the chart above? In a communication published on August 20th, the Commission for the Regulation of Electricity and Gas (CREG) points out in particular that “high gas demand in Asia“. The federal police officer of the energy industry is also observing “higher gas demand than other years in Europe and storage levels remaining below usual levels“.
The same source also points out, “Maintenance work on certain gas systems in summer and various incidents [qui] reduced offer“, as well as “the increase in the price of CO2 in Europe [qui] demand for natural gas has tended to increase in recent months (at the expense of less competitive coal)“.
Result: Consumers who have opted for a variable tariff pay the price of this riskier choice than with the fixed tariff. “Since the second and especially the third quarter of 2021, prices have reached historic highs. The high prices on the wholesale markets have led to suppliers passing this increase on to households in their price offers‘ writes the CREG.
“If the rise continues in the fall and winter…”
Specifically, according to the CREG calculations for electricity and gas, “for a household consuming 3,500 kWh/year of electricity and 23,260 kWh/year of gas, the increase in the annual bill in August 2021 compared to the prices calculated in August
2019 [une année considérée comme ‘normale‘, contrairement à 2020 marqué par la pandémie de Covid-19, NDLR] is therefore €133 on average (€181 compared to August 2020)“.
And winter isn’t here yet. According to the police officer of the sector “if the increase continues in autumn and winter, the impact on the settlement bill will be (significantly) larger“.
In this context, the CREG offers some advice:
- “If you have a fixed price contract that was signed before the second quarter of 2021 and has not yet expired, it is advisable to do nothing;
- Before renewing or entering into a (new) contract, go to an online price comparison site designated by the CREG or to a price comparison site operated by the regional regulators (you can find the list of these tools by clicking here) to inform yourself about your choice;
- Yes she opt to the a contract to Price Firmly, Iare Price being especially students currentlyit will be important to monitor market developments;
- Regardless your vsselection (contract to Fixed price or variable price contract, temporary contract specified or unspecified), You canalways change product free of charge, with a notice period of 4 weeks ;
- Households can adapt to this Billing bills may be more high by slightly increasing their deposit.“
►►► Also read: The dizzying increase in gas and electricity prices on the wholesale markets will have a delayed impact on our bill